WebGive reasons: (a) When total revenue is maximum, marginal revenue is also maximum. (b) Marginal Revenue can never be negative. (c) When Marginal Revenue is falling but … Web3. If a firm's revenues just cover all its opportunity costs, then: A) normal profit is zero. B) economic profit is zero. C) total revenues equal its explicit costs. D) total revenues …
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WebWhen marginal revenue is zero, total revenue is Maximum. The profit maximizing quantity and price can be determined by setting marginal revenue equal to zero, which occurs at … Webtwo indifference curves will intersect at. If the marginal income is $5,000 and the marginal propensity to save is 0.30, savings is: A. $90 B. $1,590 C. $3,500 D. $1,500 E. None of … rustic country bathroom vanities
If marginal costs are zero, a monopolist will maximize profit by ...
WebEconomics questions and answers. QUESTION 2 When marginal revenue is zero, total revenue will increase when price increases. is maximized. will decrease when price … Web18. Complete the table belowoutput - 1price - 500total revenue -marginal revenue-total cost- 1000atc-marginal cost-total profit-19. Pano kumpyutin po ang Total cost at … WebFor a monopoly, marginal revenue is less than price because - -the demand for the firm's output is downward sloping -The monopolist's marginal revenue curve - -lies below the demand curve -If the inverse demand curve a monopoly faces is p=100-2Q, and AC=MC=16, then profit maximization is achieved when the monopol scheduling apps for multiple people